{"data":{"id":"us-ks/k.s.a.-40-4320","jurisdiction":"us-ks","citation":"K.S.A. 40-4320","heading":"Same; actions requiring prior approval of commissioner.","body":"The following actions shall not be taken without the prior approval of the commissioner:\n(a) The dissolution of a captive insurance company;\n(b) the sale, exchange, lease, mortgage, assignment, pledge or other transfer of or granting of a security interest in all or substantially all of the assets of a captive insurance company;\n(c) the making of a loan, investment or extension of credit by a captive insurance company, provided each such transaction is equal to or exceeds 3% of the captive insurance company's admitted assets, except as provided in K.S.A. 40-430, and amendments thereto;\n(d) any distribution or dividend out of the capital and surplus, or otherwise;\n(e) any merger or consolidation to which a captive insurance company is a party;\n(f) any conversion of a captive insurance company to another business form;\n(g) any transfer to or domestication in any jurisdiction by a captive insurance company; or\n(h) any amendment of the organizational documents of a captive insurance company.","path":["Chapter 40.—INSURANCE","Article 43.—CAPTIVE INSURANCE COMPANIES"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch40/040_043_0020.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:15:41Z","sha256":"a4f3b8343cb103c412e9bbd0359972665cb1619d40d32d72ee1e7f2058cbe601","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-40-4319","next":"us-ks/k.s.a.-40-4321"},"notice":"GroundRules: Original legal text. Not legal advice."}